Hub Motor Market Likely to reach $10.82 billion by 2025
The hub motor market is projected to grow at a CAGR of 5.01% during the forecast period to reach USD 10.82 billion by 2025 from an estimated USD 7.69 billion in 2018. Hub motor improves the performance of electric vehicles. Hub motor helps supply torque to its associated tire and generates more power to improve the efficiency of a vehicle. The other benefits of hub motor technology is that it provides...
Hub Motor Market to Witness Astonishing Growth by 2025
The report “Hub Motor Market by Installation (Front & Rear), Vehicle (E-Bikes, E-Scooters/Mopeds, and E-Motorcycles), Motor (Geared and Gearless), Sales Channel (OE and Aftermarket), Power Output (Below 1000 W, 1000–3000 W, and Above 3000 W), and Region – Global Forecast to 2025″ Global hub motor market is projected to grow at a CAGR of 5.01% from USD 7.69 billion in 2018...
Hub Motor Market by Installation (Front & Rear), Vehicle (E-Bikes, E-Scooters/Mopeds, and E-Motorcycles) – Global Forecast to 2025
The report “Hub Motor Market by Installation (Front & Rear), Vehicle (E-Bikes, E-Scooters/Mopeds, and E-Motorcycles), Motor (Geared and Gearless), Sales Channel (OE and Aftermarket), Power Output (Below 1000 W, 1000–3000 W, and Above 3000 W), and Region – Global Forecast to 2025″ Global hub motor market is projected to grow at a CAGR of 5.01% from USD 7.69 billion in 2018...
Hub Motor Market by Installation, Vehicle, Motor and Region – 2025
According to MarketsandMarkets analysis, the Hub Motor Market, by volume, is estimated to reach 34,108,181 units in 2018, and this number is projected to grow at a CAGR of 6.79% during the forecast period. The major factors driving this growth are increasing electric two wheelers sales, investments by OEMs, and hub motor providers.
Improved vehicle performance efficiency, high torque, increased power,...